SmartPolicy
SmartPolicy is a comprehensive Software as a Service (SaaS) solution designed to streamline policy administration for SME's in the funeral and cover insurance sectors. It offers a robust suite of features to efficiently manage policies, clients, and business operations:
- Policy Management: Oversee every aspect of your policies, from creation and updates to renewals, claims, and premium collections, ensuring a seamless management experience.
- Client Management: Maintain detailed records of client information, including personal details, policy specifics, claim statuses, and payment histories, facilitating effective client relationship management.
- Compliance Management: Stay compliant with the latest regulations and legislation by accessing up-to-date legal requirements, ensuring your operations adhere to industry standards.
- Reporting and Analytics: Gain real-time insights into your business operations through comprehensive reports and analytics, empowering informed decision-making and performance enhancement.
- Integration Capabilities: Seamlessly connect with other systems and tools, enabling efficient communication and data exchange across platforms.
SmartPolicy is a scalable and customisable solution, equipped with advanced security protocols, making it an ideal choice for SMe's aiming to optimse their operations and boost overall performance.
By focusing on enhancing efficiency, reducing costs, fostering innovation, and improving communication, SmartPolicy empowers SME's to exceed their business objectives.
Adopting new software is a significant decision, and at Beantech, we ensure a smooth transition and effortless integration.
We are fully committed to your success, because when you succeed, so do we.
Key Features
With robust capabilities to manage multiple groups, tenants, roles, and users, the platform ensures a secure and structured environment for policy administration.
Key features include:
- Policy Management: Oversee the entire policy lifecycle, including creation, updates, renewals, claims processing, and premium collections, ensuring efficient policy administration.
- Member Management: Maintain accurate and organised member records, covering personal details, policy specifics, claim statuses, and payment histories for seamless relationship management.
- Compliance Management: Ensure full adherence to regulatory and legislative standards, including FSCA, Ombudsman, Underwriters, AML, IFRS17, and POPIA. Stay up to date with the latest legal requirements and compliance obligations.
- Payment Management: We have collaborated with multiple payment platforms to guarantee seamless payment collection and processing, regardless of the member's location.
- Status and Workflow Management: Track and manage policy statuses with advanced workflow options, including auto-lapsing and automated status updates, to maintain operational efficiency and accuracy.
- Reporting and Analytics: Access powerful reporting and analytics tools with extensive filtering options, providing real-time insights into operations and business performance to drive informed decision-making.
- Fraud Prevention and Auditability: Enhance security with a comprehensive tracking and audit system, reducing theft and fraud while ensuring full transparency in all policy and claim-related transactions.
- Integration Capabilities: Seamlessly connect with external systems and third-party tools, ensuring smooth data exchange and enhanced interoperability with existing business processes.
- SmartPolicy SaaS is designed for scalability, security, and operational efficiency, making it the ideal solution for SME's seeking to optimise policy administration and drive business growth.
Advantages
- Enhanced Efficiency & Productivity: Automate manual processes, improving work output for administrators and insurance underwriters while reducing human error.
- Standardised Business Processes: Benefit from a structured and intelligent workflow that is flow-linked with auto-intelligent data, accessible securely from anywhere.
- Enterprise-Grade Compliance & Trust: Trusted by enterprises, governments, and start-ups, ensuring adherence to the highest compliance standards.
- Seamless Premium Collection Management: Leverage automated, fast, and effective premium collection methods with SmartBill notifications, offering a full statement history for transparency.
- Improved Communication & Cost Savings: Reduce postage and communication costs with digital SmartBill notifications, offering efficient policyholder updates at a fraction of traditional costs.
- Digital Documentation & Correspondence: Manage all policy-related documents and correspondence digitally through the platform, streamlining administrative tasks and record-keeping.
- Interactive SmartBill Notifications: Utilise custom SmartButtons for direct and efficient communication, ensuring seamless updates and engagement with policyholders.
- SmartPolicy SaaS simplifies policy administration, enhances efficiency, and drives operational excellence, making it the ideal choice for SME's looking to modernise and streamline their processes.
Core Infrastructure
- Enterprise-Grade Security – Hosted on Microsoft Azure, ensuring ISO 27001, and SOC 2 compliance with multi-layered cybersecurity.
- Unmatched Reliability – 99.9% uptime, automated backups, and disaster recovery with global data replication.
- Scalable & High-Performance – Azure’s auto-scaling and load-balancing keep SmartBill fast and efficient.
- Rapid Deployment – Seamless updates and new features with Azure’s cloud infrastructure.
- Advanced Data Protection – End-to-end encryption, AI-driven threat detection, and zero-trust security.
- Expert Implementation – Backed by Beantech’s cloud specialists for smooth integration and compliance.